Home News Fed’s Barr: Inflation Data ‘Disappointing,’ Tight Policy Needs More Time

Fed’s Barr: Inflation Data ‘Disappointing,’ Tight Policy Needs More Time

May 21, 2024

AMELIA ISLAND, Florida (Reuters) – U.S. inflation data through the first months of 2024 has been “disappointing,” Fed vice chair for supervision Michael Barr said on Monday, leaving the central bank short of the evidence it needs to ease monetary policy.

“Inflation readings in the first quarter of this year were disappointing. These results did not provide me with the increased confidence that I was hoping to find to support easing monetary policy,” Barr said in remarks prepared for delivery at an Atlanta Federal Reserve conference on financial markets.

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